Greater Noida - CNH Industrial N.V., an agricultural machinery manufacturer, is set to revive tractor exports to the United States after a new trade agreement eased tariff pressures that had stalled shipments for months. The U.S. accounts for nearly 30% of the Noida-based manufacturer’s overseas business, with annual exports typically ranging between 3,000 and 3,500 utility and compact tractors under 120 HP.
Exports slowed sharply last August after higher duties on Indian-made machinery created a major economic hurdle, forcing the company to halt production for the U.S. market for several months. “After the August tariff, exports to the U.S. were minimal,” said Narinder Mittal, President and Managing Director of CNH India, noting that only a few compact models were produced for testing during the period.
With the new deal in place, CNH expects to resume its export schedule in the coming months and recover lost volumes by supplying both existing and newly developed compact tractors. The company is also expanding component exports such as axles and gearboxes, targeting over $500 million in shipments within the next three to four years.
Additionally, the EU-India trade agreement is expected to lower the cost of advanced technologies like auto-guidance systems and telematics, making them more accessible to Indian farmers while strengthening CNH India’s global manufacturing role.
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